SEOUL (Reuters) - After a blistering year-and-a-half long surge, a sudden drop in some memory prices, followed by Samsung Electronics Co’s disappointing profit estimate, is causing jitters among investors who had bet the chip boom would last at least another year. Amid news that the market has...
TOKYO (Reuters) - SoftBank Group plans to list its mobile phone business and raise some US$18bn, the Nikkei newspaper has said, a spin-off that would complete the Japanese telecoms conglomerate’s transformation into a global technology investor. The parent will sell some 30% of SoftBank Corp. ...
SEOUL (Reuters) - South Korea said on Monday that its plans to ban virtual coin exchanges had not yet been finalized as government agencies were still in talks to decide how to regulate the market. “The plan to ban cryptocurrency exchanges, recently mentioned by the nation’s justice mini...
TOKYO (Reuters) - SoftBank Group Corp (9984.T) plans to list its mobile-phone business and raise some $18 billion, the Nikkei newspaper said, a spin-off that would complete the Japanese telecoms conglomerate’s transformation into a global technology investor. The parent will sell some 30 perce...
DETROIT (Reuters) - Ford Motor Co (F.N) will significantly increase its planned investments in electric vehicles to $11 billion by 2022 and have 40 hybrid and fully electric vehicles in its model lineup, Chairman Bill Ford said on Sunday at the Detroit auto show. The investment figure is sharply hig...
(Reuters) - Ford Motor Co (F.N) will increase significantly its planned investments in electric vehicles to $11 billion by 2022, Chairman Bill Ford told reporters on Sunday at the Detroit auto show. This is up from a previously announced target of $4.5 billion by 2020. The investments will be made i...
TOKYO (Reuters) - SoftBank Group Corp (9984.T) plans to list its core mobile-phone unit in Tokyo and overseas as early as this spring, raising some 2 trillion yen ($18 billion) in one of Japan’s biggest initial public offerings, the Nikkei newspaper said on Monday. The parent will sell some 30...
BERLIN (Reuters) - Japan’s Softbank will invest 460 million euros ($561 million) in used-car dealing platform Auto1, marking the first investment in Germany by its Vision Fund, according to sources familiar with the matter. Around half of the investment will be made via new shares, valuing Aut...
DETROIT (Reuters) - The Trump administration plans to unveil revised self-driving car guidelines this summer as the government works to rewrite regulations that pose legal barriers to robot vehicles, U.S. Transportation Secretary Elaine Chao said on Sunday. Chao said at a Detroit auto show forum the...
KHOBAR, Saudi Arabia (Reuters) - State-controlled Saudi Electricity Co (SEC) has signed a deal with Japanese Tokyo Electric Power Co (TEPCO), Nissan Motor Co and Takaoka Toko for the first electric vehicle (EV) pilot project in the world’s largest oil exporter, it said on Sunday. Saudi Arabia ...
PARIS (Reuters) - France’s mobile telephone operators will spend more than 3 billion euros ($3.7 billion) rolling out a 4G network in black spots across the country to ensure there are no coverage gaps by 2020, according to a government minister. Julien Denormandie, junior minister for territo...
JAKARTA (Reuters) - Indonesia’s central bank has issued a fresh warning about trading in cryptocurrencies like bitcoin because of the risk of losses to the public and even a potential threat to the stability of the financial system. Bank Indonesia (BI) has previously said that cryptocurrencies...
SAN FRANCISCO (Reuters) - The former security chief of Uber Technologies Inc. [UBER.UL] swore in a closed legal proceeding that he knew of no attempts to steal trade secrets from anyone, including Alphabet Inc’s self-driving unit Waymo, and would be “shocked” if that had occurred. ...
LOS ANGELES (Reuters) - Facebook Inc (FB.O) Chief Operating Officer Sheryl Sandberg and Twitter Inc (TWTR.N) Chief Executive Jack Dorsey will not seek re-election to Walt Disney Co’s (DIS.N) board because of conflicts of interest between the media giant and the technology companies, Disney sai...
WASHINGTON (Reuters) - Four U.S. House Republicans, including the chairman of the Energy and Commerce Committee, on Friday wrote Apple Inc chief executive Tim Cook asking him to answer questions about its disclosure that it slowed older iPhones with flagging batteries. The California-based company a...
LAS VEGAS (Reuters) - Who would you rather have in your fridge? Alexa, Cortana, or some as-yet unknown virtual assistant? Manufacturers of appliances and other products are considering factors such as ease of use and language support as they pick voice technology from what they view as a wide open b...
(Reuters) - Alphabet Inc’s (GOOGL.O) Google said on Friday it took down 60 gaming applications after security firm Check Point said it had discovered new malicious software in the apps available to both children and adults at Google Play Store. The malicious software displayed pornographic ads...
(Reuters) - Shares of Facebook Inc (FB.O) fell more than 4 percent on Friday and were on track for their worst session in more than three months after Chief Executive Mark Zuckerberg announced changes that he said would hit user engagement in the near term. Zuckerberg said late on Thursday the world...
(Reuters) - The U.S. Trade Representative put Alibaba’s Taobao on its blacklist for the second year in a row over suspected counterfeits sold on the shopping platform, a move the Chinese e-commerce giant said did not reflect its IP-protection efforts. Alibaba Group Holding Ltd’s (BABA.N)...
BERLIN (Reuters) - Security firm Check Point on Friday said it had discovered new malicious software on 60 gaming apps available to both children and adults at Google Play Store that displayed pornographic ads and tried to trick users into buying premium services. Dubbed “AdultSwine,” th...
